PUBLISHED ON |
16 December 2019
16 December 2019
The FTSE ST Small Cap Index’s 49 constituents – comprising 19 REITs and 30 companies – have a combined market cap of about S$40 billion. REITs in the Index carry a weighting of approximately 69.2%, with companies accounting for the remaining 30.8%.
In the 2019 YTD, the Small Cap Index has generated a total return of 13.3%, compared with total returns of 8.9% and 10.5% for the benchmark STI and broader FTSE ST All-Share Index respectively.
In the YTD, the 5 best performers of the Small Cap Index were: UMS (+84.4%), Hi-P (+83.6%), Indofood Agri Resources (+71.7%), Sasseur REIT (+53.2%) and Ascendas Hospitality Trust (+50.0%). These five constituents have averaged a YTD total return of +68.6%.
The FTSE ST Small Cap Index is a free float-adjusted, market capitalisation-weighted index, representing the performance of small-cap companies that pass size, free float and liquidity screens and trade on SGX Mainboard.
The Index’s 49 constituents – comprising 19 Real Estate Investment Trusts (REITs) and 30 companies – have a combined market cap of about S$40 billion, ranging from S$152 million to nearly S$3 billion. REITs in the Index carry a weighting of approximately 69.2%, with companies accounting for the remaining 30.8%.
In the 2019 year-to-date, the FTSE ST Small Cap Index has generated a total return of 13.3%, compared with total returns of 8.9% and 10.5% for the benchmark Straits Times Index (STI) and broader FTSE ST All-Share Index respectively.
Source: Bloomberg (data as of 13 Dec 2019)
In the YTD, the 5 best performers in the FTSE ST Small Cap Index were: UMS Holdings (+84.4%), Hi-P International (+83.6%), Indofood Agri Resources (+71.7%), Sasseur REIT (+53.2%) and Ascendas Hospitality Trust (+50.0%).
These 5 constituents – with a combined market cap of nearly S$5 billion – have averaged a YTD total return of +68.6%, bringing their three-year total returns to +92.1%. Note that Sasseur REIT does not have a three-year return as it was listed only in March 2018.
The table below details the 10 best-performing constituents of the FTSE ST Small Cap Index, sorted by YTD total returns.
| Name |
SGX
Code |
Market Cap
(S$) |
Total
Return
YTD
% |
Total
Return
3 Yr
% |
| UMS HOLDINGS |
558 |
533,747,776 |
84.4 |
143.8 |
| HI-P INTL |
H17 |
1,240,415,744 |
83.6 |
267.6 |
| INDOFOOD AGRI RESOURCES |
5JS |
453,668,960 |
71.7 |
-38.8 |
| SASSEUR REIT |
CRPU |
1,088,809,728 |
53.2 |
NA |
| ASCENDAS HOSPITALITY TRUST |
Q1P |
1,286,626,176 |
50.0 |
88.0 |
| ASCENDAS INDIA TRUST |
CY6U |
1,760,633,856 |
49.2 |
71.3 |
| CITIC ENVIROTECH |
CEE |
1,314,004,352 |
44.9 |
-9.4 |
| QAF LTD |
Q01 |
454,462,080 |
44.7 |
-31.2 |
| ACCORDIA GOLF TRUST |
ADQU |
747,402,944 |
44.1 |
33.1 |
| ASIAN PAY TV TRUST |
S7OU |
248,962,576 |
42.7 |
-45.0 |
| Average |
|
|
56.9 |
47.9 |
Source: Bloomberg & StockFacts (data as of 13 Dec 2019)
In the YTD, the 5 least-performing stocks of the FTSE ST Small Cap Index were: Breadtalk Group (-22.9%), Japfa Ltd (-17.5%), Duty Free International (-16.0%), China Sunsine Chemical (-15.1%) and Ying Li International (-12.9%). They averaged a total return of -16.9% over the period.
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